Considering the property’s location, proximity to transport, and the presence of a garden, the list price of £500,000 could be considered reasonable, especially given comparable properties in the area. However, the significant need for refurbishment significantly impacts its value. The price reflects the potential value post-renovation rather than its current state, making the price competitive in the long-term.

The property appears to be in need of significant modernisation and refurbishment. The provided photos reveal dated interiors, worn flooring, and a general lack of upkeep. While the structure seems sound, extensive renovations are required to bring the property up to a contemporary standard. The current condition is significantly below market expectations for properties at this price range in the area.

The property is located in Forest Gate North, Newham, a rapidly developing area in East London. Its proximity to the Elizabeth Line at Forest Gate station offers excellent transport links to central London and the City, making the location attractive to commuters. Several good schools are within a reasonable distance, further boosting its appeal to families. While the immediate surroundings may not be considered the most desirable part of London, the good transport links and presence of amenities outweigh some of these shortcomings.

The property includes a garden, a valuable asset in London. While the size isn’t specified and the photos show a modest space, it still provides outdoor space, an increasingly rare commodity in urban areas like Forest Gate. The garden seems functional, suitable for a basic level of landscaping or relaxation, not extensive enough to command a high score.